(FreedomWire.org) – Joe Biden may claim that he cares about trying to lower gas prices in America, but his actions are telling a different story. He has come out and revealed that his administration would cancel a vast gas and oil lease located in Alaska. The lease has been pending approval, but it will not go through now that Biden is involved.

The cancellation of the gas lease is a significant blow to American oil. Biden plans to inflate prices so high that no one can afford to drive their gas-powered cars. The Democrat has also canceled several other oil leases that allowed for drilling out in the Gulf of Mexico.

Biden has blamed a lot of different sources for the record-high gas prices. He tried to blame the war with Vladimir Putin for the higher prices. Gas prices had already risen to record heights long before the war started. The president’s plan was to try and find a way to increase domestic supply and production.

But his commitment to such an endeavor was short-lived since he is secretly canceling contracts. The decision to kill all the deals was because there was no interest by anyone in drilling the area. The Gulf of Mexico cancellations was said to be connected to lawsuits and court rulings.

The Washington Post stated, “The Biden administration is poised to let the nationwide offshore drilling program expire next month without a new plan. Barring unexpected action, the current five-year offshore drilling program will lapse at June. Interior cannot hold any new oil and gas lease sales until it has completed a replacement plan.”

Biden plans to drag out the issue until all the leases expire. Americans can then expect high prices well into the next year because of the time it takes for drilling companies to gain access and start bringing up new oil.

Frank Macchiarola is the Senior Vice President of the American Petroleum Institute. He stated that Biden’s decision to cancel the Alaska contract was “another example of the administration’s lack of commitment to oil and gas development in the U.S. The President has spoken about the need for additional supplies in the market, but his administration has failed to take action to match that rhetoric.”

Ever since Biden took office, he tells people what they want to hear and fails to act on his statements. People are urging the president to extend the contracts and approve new ones for another five years.

The oil and gas industry is waiting for any sign that Biden will approve the new leases. The current signal is that he is dragging his feet and refuses to act because he does not have a plan to move forward. He claims to have a plan but refuses to reveal what that plan is all about.

The entire industry will grind to a stop soon if Biden fails to approve new drilling leases. The president is supposed to be a person who looks out for America’s interests. But Biden seems determined to look out for the interests of everyone else in the world. His determination to change the face of energy production and consumption will doom America for years to come.

The Democratic Party is playing a game with the future of America. Their goal to date has been to turn America into another failed socialist country where another evil dictator rules. Joe Biden needs high prices because it puts people on a dependent track to the federal government.

(FreedomWire.org) – On Wednesday, Joe Biden’s Department of Interior (DOI) announced that it would be canceling three significant oil and gas lease sales that would have greatly boosted American energy output.

Axios reports that the move all but confirms that the federal government will not be selling any new oil and gas leases for the remainder of 2022, a sharp reversal from the energy dominant policies of the Trump Administration that saw the United States become energy independent for the first time ever, as well as a major exporter of energy.

The DOI released a statement claiming that the cancelation of the sales was due to “lack of industry interest in leasing in the area,” declaring that it “will not move forward with the proposed Cook Inlet OCS oil and gas lease sale 258,” which would have been off the coast of Alaska. The department also confirmed that “it will not move forward with lease sales 259 and 261 in the Gulf of Mexico region, as a result of delays due to factors including conflicting court rulings that impacted work on these proposed lease sales.”

The alarming move from the DOI comes even as gas prices continue to soar to record highs, primarily as a result of Biden’s “green energy” push to cancel numerous other oil and gas leases across the country. Immediately upon coming to power, one of Biden’s first moves was to cancel the Keystone XL Pipeline from Canada that would have created tens of thousands of jobs, as well as build a stronger energy-based partnership with Canada.

Gas prices have risen even higher following the Russian invasion of Ukraine, although Biden has tried unsuccessfully to blame the entirety of the energy crisis on the war. Biden has also previously voiced his support for lending more oil and gas to European countries so that they are less dependent on Russian energy, although the DOI’s latest decision further reduces the United States’ ability to even produce energy for itself, let alone export energy to other countries.

Far-left environmental activists celebrated the Biden Administration’s decision, with Earthjustice spokesman Drew Caputo claiming, without evidence, that the lease cancelation was “good for the climate, which can’t handle new oil and gas development.” Conversely, Frank Macchiarola of the American Petroleum Institute pointed out that “unfortunately, this is becoming a pattern. The administration talks about the need for more supply and acts to restrict it.”

(FreedomWire.org) – White House Press Secretary Jen Psaki has a new excuse for inflation almost weekly, but her newest claim might be the craziest one yet.

Democrats first blamed the inflation spike on transitory factors. Then they said it was due to supply chain issues.

Then President Joe Biden and White House press secretary Jen Psaki sought to pin inflation on Russian President Vladimir Putin’s decision to invade Ukraine.

They have even blamed oil companies for taking too much profit.

Now, the Democrats’ argument apparently is, “Sure, inflation’s bad, but it’s outside of our control, and Republicans would do no better.”

Last week, the party tweeted, “Republicans still have no plan to fight inflation.”

This latest tactic is built on a talking point Psaki floated in November.

“The president is using every weapon in his arsenal to fight inflation,” she told reporters at the time.

“What are the Republicans putting forward?” Psaki asked. “They’re screaming from a bullhorn. They’re tweeting about it. They have absolutely no plan.”

“What the American people should know and understand is that the president has had a plan to fight the pandemic, to address price increases, to keep the supply chain moving,” the press secretary said.

Republicans warned back in the spring of 2021 that passing the $1.9 trillion American Rescue Plan would be inflationary. The legislation garnered no GOP support because so little of it had to do with directly responding to the pandemic.

According to USA Facts, the bill included over $413.6 billion for stimulus checks, $350 billion for state and local governments, $242.4 billion for enhanced unemployment benefits, $170.5 billion for schools, $88.5 billion for enhanced child tax credits, $87.7 billion for transportation and $21.6 billion for rental and utility assistance payments.

Much of this money was “printed” by the Federal Reserve buying the debt, flowing even more money into the nation’s economy. The amount of the national debt held by the Fed increased from $3.5 trillion prior to the pandemic to $6.1 trillion by the end of last year.

Last fall, Republicans universally opposed Biden’s $1.9 trillion Build Back Better proposal, both because the nation couldn’t afford it and because it would be inflationary.

Democratic Sen. Joe Manchin of West Virginia agreed and, along with Sen. Krysten Sinema of Arizona, blocked the legislation.

Another aspect of the Republican plan was keeping Trump’s pro-energy development policies in place. Under his leadership, the U.S. became the top oil producer in the world in 2018 — for the first time since 1973.

Market watchers have blamed inflation in part on Biden’s energy policies.

In the early days of Biden’s presidency, he signed executive orders under the auspices of addressing climate change that included suspending oil and gas exploration leasing on federal lands and reinstating an Obama-era carbon dioxide emission federal fee on oil-drilling operations, which had been lowered significantly under Trump.

Additionally, the Biden administration shut down oil exploration in the Arctic Wildlife Preserve, limited oil exploration in the National Petroleum Reserve in Alaska and canceled the Keystone XL Pipeline from Canada.

Now, the U.S. is producing over 1 million fewer barrels a day than at its pre-pandemic peak under Trump.

Nonetheless, Biden continued to blame Putin in a Wednesday tweet.

Last month, Republicans introduced the American Energy Independence from Russia Act. Among other provisions, it would immediately approve the Keystone XL Pipeline and restart oil and gas leasing on federal lands and waters.

Psaki and the Democrats  may say Republicans have no plan to address inflation. However, the GOP’s plan is to do pretty much the exact opposite of what the Democrats have done.

(FreedomWire.org) – Apparently bypassing Joe Biden, Manchin today dressed down the Secretary of State for negotiating concessions for Iran in order to access their oil production. Manchin declared himself “particularly worried” that Blinken and his team would de-list the Islamic Revolutionary Guard Corps (IRGC) from the State Department’s list of terrorist organizations — especially since they’re still funding terror proxies.

Manchin stated, “I am particularly worried about reports that you might be considering removing the Islamic Revolutionary Guard Corps (IRGC) from the State Department’s Foreign Terrorist Organization list in the hopes that trade relations can be reestablished with Iran to assist with our energy crisis.” He went on to suggest, “Congress has the opportunity to pass additional bipartisan energy legislation to further expand our ability to deliver the energy our allies and partners need. We cannot and should not look to Iran to solve our energy problems.”

With that in mind, Manchin’s “respectful request” to have the White House provide a “detailed briefing” and an opportunity for Congress to have “due process” on the renewed Iran deal sounds like a shot across Biden’s bow. Manchin makes that almost explicit in his final point, in which he pledges to “do everything in my power to ensure we do not repeat the mistakes of the past.”

In other words, Manchin’s not going to go along this time, either. One has to wonder just how many other Senate Democrats will, especially while Biden’s tapping bottom on job approval ratings and has clearly lost the confidence of the electorate.

Interestingly, Manchin doesn’t even make the best point about the idiocy of the current negotiations, which is that Biden’s working with Vladimir Putin on negotiations. That’s the same Vladimir Putin that Biden has accused of being a “war criminal,” not without justification, and called for his removal from power. An even better question than energy policy would be why Biden and Blinken are allowing Putin to craft American national-security policy at precisely the same moment that he’s threatening NATO and violating numerous treaties and conventions with his invasion of Ukraine.

(FreedomWire.org) – U.K. Prime Minister Boris Johnson traveled to the Middle East to discuss increased oil production with leaders after they reportedly snubbed President Joe Biden’s requests.

Johnson met with United Arab Emirates Crown Prince Mohammed bin Zayed al Nayhan on Wednesday and is traveling to Saudi Arabia to meet with Crown Prince Mohammed bin Salman later in the day, according to The Wall Street Journal. Johnson is reportedly set to deliver a message on behalf of the West, urging the two oil-rich nations to boost production.

“The Prime Minister set out his deep concerns about the chaos unleashed by Russia’s unprovoked invasion of Ukraine, and stressed the importance of working together to improve stability in the global energy market,” the British government said in a readout of Johnson’s meeting with the UAE leader earlier Wednesday.

“The leaders welcomed the longstanding partnership between our two countries and discussed opportunities to increase collaboration between the UK and UAE on energy security, green technology, and trade,” the statement continued.

Russia’s invasion of Ukraine has caused uncertainty in global energy markets, leading to higher oil and gasoline prices around the world. Russia, which exports most of the energy it produces, is a major supplier of crude oil to the U.S. and European countries.

Meanwhile, the Saudi and UAE leaders declined to take calls from Biden to discuss oil production and prices amid the Ukraine crisis, the WSJ reported on March 8. White House press secretary Jen Psaki called the report “inaccurate” during a March 10 press briefing and said the president spoke with Saudi King Salman bin Abdulaziz al-Saud “several weeks ago.”

Biden spoke with the Saudi Arabian king on Feb. 25, according to a White House readout. However, the two leaders didn’t discuss energy security or the Russian invasion of Ukraine.

The Biden administration has repeatedly called upon the Organization of the Petroleum Exporting Countries (OPEC) — a powerful Middle Eastern oil cartel of which Saudi Arabia and the UAE are core members — to produce more oil over the last several months amid a global supply crunch. OPEC, though, has rebuffed the requests, instead sticking to its previous pandemic plans.

The U.S., which consumes about 20 million barrels of oil per day, imported nearly 1.6 million barrels of oil per day from OPEC+ nations in 2021, according to the Energy Information Administration. Saudi Arabia and the UAE sent about 456,000 barrels of oil per day to the U.S. last year.

(FreedomWire.org) – With the Russia-Ukraine war disrupting the global oil market, Americans still can’t get a break at the gas pump as prices stay steadily high.

The national gas price average is $4.31 per gallon, AAA reported.

In an attempt to alleviate the pain of these prices, Democratic lawmakers have proposed a new bill.

New legislation, called the “Big Oil Windfall Profits Tax,” was introduced by Democratic Sen. Sheldon Whitehouse from Rhode Island and Rep. Ro Khanna from California.

The legislation is also cosponsored by other major Democrats like Sens. Jeff Merkley, Elizabeth Warren, Bernie Sanders, Richard Blumenthal, Tammy Baldwin, Cory Booker, Michael Bennet and Bob Casey, Rigzone news reported.

This proposed legislation would place a tax on oil barrels sold by large producers. The tax would be “equal to 50 percent of the difference between the current price of a barrel of oil and the pre-pandemic average price per barrel between 2015 and 2019,” Fox News reported.

If oil prices are at $120 per barrel, this tax would raise an estimated $45 billion a year, the Wall Street Journal reported.

The money from this tax would then be sent to consumers as a quarterly rebate, the legislation outlines. The cutoff for the rebate would be for single people making $75,000 or more and families making $150,000 or more.

“Under that price scenario, the revenue split up for taxpayer rebates would amount to an annual payment of $240 for a single filer earning less than $75,000 and $360 for joint filers earning less than $150,000, proponents said,” the Wall Street Journal reported.

Khanna said that this tax is meant to hold big oil companies accountable and protect Americans.

“This is a bill to reduce gas prices and hold Big Oil accountable. As Russia’s invasion of Ukraine sends gas prices soaring, fossil fuel companies are raking in record profits.

These companies have made billions and used the profits to enrich their own shareholders while average Americans are hurting at the pump,” Khanna said, Fox News reported.

“We’ve seen this script before, and we cannot allow the fossil fuel industry to once again collect a massive windfall by taking advantage of an international crisis,” Whitehouse said.

A press release from Whitehouse and Khanna said the increase in gas prices “is not justified by increases in the cost of domestic production, but is driven by international markets controlled by fossil fuel cartels,” Fox News reported.

However, the proposed legislation has already garnered heavy criticism for not being a tenable solution to the oil crisis the U.S. is facing.

“The American people are looking for solutions, not finger-pointing,” Frank Macchiarola, the vice president of policy, economics and regulatory affairs at the American Petroleum Institute told the Wall Street Journal.

The American Petroleum Institute said that lawmakers should not be creating policies to discourage investment, but instead should find solutions that will increase American oil supply.

Experts are saying that policies like this proposed tax would likely even backfire and just make energy and oil costs worse in the long run.

“Policies like a so-called windfall profits tax are misguided and would likely backfire by further driving up energy costs for American families and businesses,” Anne Bradbury, the CEO of American Exploration and Production Council CEO said, Fox News reported.

Policies like this are bad, short-term fixes. It’s like trying to put a Barbie Band-Aid on a wound that needs stitches. It might help the bleeding for a moment, but it won’t heal the wound.

“We believe that the solution to rising energy prices should be clear to our nation’s leaders: support domestic production of oil and natural gas and permit the pipelines and infrastructure needed to safely move energy to customers,” Bradbury said.

Sure, big oil may be making money off of an international crisis, but the answer to that is not taxing them into oblivion as punishment. That would de-incentivize them from producing oil, and then the country would end up in yet another oil supply crisis with rising gas prices.

In the current global oil crisis and market shift, these Democrat lawmakers are searching for answers. They have more or less run into Occam’s razor. They could either simply promote domestic oil production to ease the crisis, or they could come up with complicated theories for solutions.

Occam’s razor states that the simplest solution is usually the best. But Democrats have chucked that logic and gone for the complicated ideas.

But this is no solution and it won’t solve Americans’ problem at the gas pump.